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Tuesday, July 28, 2026

Markets · Earnings · Macro

Lower-income spending outpacing higher-income, says BofA

Lower-income households are now posting stronger card spending growth than higher-income ones, reversing the K-shaped trend. The shift is driven by stronger labor income, lower fuel costs, and favorable year-over-year comparisons. Analysts…

By Oliver Fairhurst39m ago

Top Stories

Global Chip Selloff Deepens as AI Spending Concerns Mount

Asian chip stocks tumbled, with South Korea's Kospi plunging 10% and triggering trading halts, while Japan's Nikkei fell 4%. U.S.…

By Eliza Farnham40m ago

Kremlin Says Russia's 'Special Military Operation' Must Succeed, Threat from Ukraine Must Be Eliminated Once and For All

The Kremlin escalates its rhetoric, stating that Russia's 'special military operation' must succeed and the threat from Ukraine…

By Nick Salikoff41m ago

Kremlin Accuses Ukraine of Strikes on Nord Stream, CPC Pipeline, and Iranian Ship

The Kremlin alleges Ukraine was behind multiple attacks on energy infrastructure, including the Nord Stream (NVO) pipelines, the…

By Marcus Hensley41m ago

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Explore the latest news from the world in real-time.

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1yBitcoin surges to three-week high on ETF inflows and rate cut optimism

1yTrump vows to enforce solar, wind tax credit phaseouts as budget battle looms

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1yTrump and Zelenskyy to discuss pause in US weapons deliveries to Ukraine

1yEU to propose joint debt instrument for crises in budget

1yTesla's German Sales Plummet 60% in June Amid Rising Competition and Brand Challenges

1yFirst Trump-Africa Summit Aims to Shift Focus from Aid to Trade and Investment

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